EUR/USD closed higher on Thursday and below the 10-day moving average crossing warning bulls to use caution as a double top might be forming. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it renews this year's rally, the 87% retracement level of 2009's decline on the weekly continuation chart crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.